Education of a Speculator

Friday, December 5, 2014

Opened YRCW, RESN

YRCW is setup very nicely. The Gap has held and now its breaking out of consolidation. This move was all in one solid push with not much action after. Stop at the LOD

RESN

RESN is a recent IPO that I've been waiting for to move. Today it did. Perhaps I was chasing bought at 9.26. But it's another thin stock that moves fast. I got the buy alert and did not hesitate despite the size of todays move.

The Weekly Chart:
This would be Week 1 of the IPO trade b/o. It's go time and I'm not missing whats about to follow. Stop < $8. 2 week support.

This blog is for me. I'm not giving investment advice. I don't care what you do. If you take a position because I do and you have not formed your own thesis you are an idiot and you deserve to lose your money.